WHAT IS REALLY HAPPENING IN GLOBAL MARKETS IS THE REALIZATION THAT THE US IS A "HOLLOW" ECONOMY...
THERE IS NO REAL CAPITAL IN THE US...ONLY BAD DEBT...AND INFLATED ASSETS...REAL AND PAPER!
THIS COMES FROM HAVING A AMERICAN BUBBLE ECONOMY BASED SOLELY ON DEBT FOR THE LAST DECADE OR SO...
AND SOCIALIZING THIS BAD DEBT IS NOT THE ANSWER...IT ONLY MAKES THINGS MUCH WORSE EVENTUALLY.
I SERIOUSLY DOUBT ANY OVER SOLD RALLY WILL LAST TILL LUNCH... AND IF IT DOES IT WILL SELL OFF IN THAT LAST HOUR...
THERE ARE TOO MANY SMART PEOPLE WANTING OUT... SO AS THE SHORTS COVER...OTHERS WILL SELL THE SUPPOSED "SQUEEZE..."
THE CENTRAL BANKS HAVE A LOT OF EXPAINING TO DO...BEYOND JUST PUTTING OUT FIRES...
WE HAVEN'T EVEN GOT TO THAT PART YET...
AND WHEN THE TRUTH IS OUT...LIKELY THE HOLLOW US ECONOMY WILL BE AT THE ROOT OF IT ALL...
THIS IS LIKE 1932...WHEN ENGLAND ROLLED OVER AND ASSUMED SECOND CLASS STATUS...
SO TOO IN 2008 THE US MUST NOW BE RE-JIGGERED INTO IT'S "TRUE" PLACE IN THE GLOBAL ECONOMIC SYSTEM... WHICH WILL BE MUCH LOWER THAN IT HAS BEEN.
AMERICANS HAVE BEEN LIVING TOO HIGH ON THE HOG...AND THEY WILL BE BROUGHT DOWN A NOTCH...
THE REST OF THE WORLD IS FINALLY REALIZING THAT THEY WERE DUPED BY WASHINGTON AND THE FED...AND A PAINFUL READJUSTMENT WILL BE NEEDED...
IN SHORT, WE ARE IN A TRANSITION FROM AN AMERICAN DOMINATED GLOBAL ECONOMY...TO AN ASIAN DOMINATED GLOBAL ECONOMY...
BECAUSE SOONER OR LATER MONEY AND CAPITAL TALK...
AND BUBBLES AND BULLSHIT WALK...!!
THIS "TRANSITION" FROM A US DOMINATED GLOBAL ECONOMY COULD TAKE YEARS...BECAUSE OF THE MASSIVE BUBBLES OF THE PAST DECADE. HENCE, THIS DEPRESSION TALK... THINK 1932 TO 1939 AND YOU'LL HAVE IT ABOUT RIGHT. ONLY THIS WILL BE WORSE...
AMERICANS, AND INDEED THE WORLD, STILL HAVE NO IDEA WHAT HAS HIT THEM...!
